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123fahrschule launches private placement of up to 150,000 new shares from a capital increase excluding shareholders' subscription rights

Cologne, 11 May 2022 - 123fahrschule SE (ISIN: DE000A2P4HL9; ticker symbol: 123F; Regulated Unofficial Market Düsseldorf), a digitally driven driving school chain in Germany with a focus on e-learning, launches a private placement of up to 150,000 new shares from a capital increase against cash contributions excluding shareholders' subscription rights.

The up to 150,000 new shares with a pro-rata amount of the share capital of EUR 1.00 each will be offered to selected investors in the private placement at a placement price of EUR 11.00 per new share. Two anchor shareholders of the company have already committed in advance to subscribe to just under 50% of the new shares offered. Quirin Privatbank AG is acting as bookrunner for this private placement.

With the capital increase, 123fahrschule SE secures the necessary liquidity for further expansion in Q2 2022 and preparation of further acquisitions in the second half of the current financial year as part of its growth strategy. In particular, 123fahrschule SE seeks to take advantage of opportunities that currently arise in the market for the acquisition of larger, highly profitable driving schools that, in the company's view, will consolidate its market leadership in Germany. To this end, the company is already in advanced negotiations with both the target companies and debt capital partners.

The company currently expects to increase its revenues in the first half of the year compared to the same period last year from 2.8 million euros to 7.8 million euros. Coupled with this significant increase in revenues, the company continues to anticipate a significant improvement in earnings in the 1st half of 2022 compared to the 1st half of 2021.
 

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This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities of the Company in the United States of America ("United States") or in any other jurisdiction. This publication may not be released, published or distributed in the United States, Australia, Canada or Japan. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of the Company have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of shares of the Company.

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As far as this document contains forward-looking statements, these statements do not constitute facts and may be identified by words such as "will", "expect", "believe", "estimate", "intend", "aim", "assume" or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of the Company and persons acting in conjunction with the Company. Any forward-looking statements contained in this document are based on current plans, estimates and projections which the Company and persons acting in conjunction with the Company have made to the best of their knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by the Company or persons acting in conjunction with the Company. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.